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Cheaper Car Insurance Tips for Women

Jul 2, 2008
If you have ever asked yourself why women usually get lower auto insurance rates than men, the main reason is women drivers, as a whole, aren't involved in as many claims as their male counterparts. Relying on statistics alone, women seem to be safer drivers; perhaps it is because they drive slower and are more cautious than men; often driving more modest vehicles based on excellent safety features.

It is for this reason that car insurance providers are happy to give policies to women than men as they know that there is less of a chance they will make an insurance claim.

The problem is that although both sexes actually face similar driving conditions, when a man has an accident, the damage to the vehicle is normally far greater than if a woman had been driving. What this means is that women will only pay around seventy percent of the amount for their premium that a man will pay based on similar circumstances.

Women usually drive slower than men so accidents caused by lady drivers are not as serious so in most instances the claims are lower ensuring insurers pay out less; lowering premiums.

Since men generally drive at higher speeds, when they have an accident, the loss is high and when the accident involves two vehicles with high amounts of damage, it becomes an insurance company's nightmare. A lady is regarded to be a better risk as soon as they start driving, even at an early age and there are many premium discounts available for women drivers.

In view of this, a number of specialist car insurers will only sell their auto insurance plans to females with no men allowed, not even husbands. Many of these companies believe that the risk the male driver poses, even though he is a policy holder's partner is not worth the additional cost that can be incurred if he has an accident.

The downfall to this specialization is that the profits for these companies is lower because the amount of each premium is less but can often be counterbalanced by the increase in members using the service.

If you are a woman then you really need to get a quote for a lady's car insurance policy preferably one that includes legal cover as well as it will help to claim back any excess from the third party in the event of a non-fault claim. Clean driving licenses are also a way to keep premiums down and additional discounts can be included where a vehicle is stored in a garage when not in use.

It is worth noting that auto insurance companies that only insure women drivers are often small and cannot always offer the same discounts as larger companies that do not have ladies only policies. As the costs surrounding insurance generally continue to spiral upwards, it would be a good idea to go online and apply for quotes from a number of insurers, even if they are not women drivers only.
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